Farm Market. Prime Shopping Center Location. High Income.

Fort Lee, NJ (Bergen County)

Seller Financing Available
Farm Market. Prime Shopping Center Location. High Income.

Asking Price:$400,000

Cash Flow:$217,000

Gross Revenue:$1,650,000

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Established:1979

*not included in asking price.

Farm Market. Prime Shopping Center Location. High Income.

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Business Description

Absentee owner operated.
Store has a full time manager.
An owner operator can reduce payroll.
All produce is delivered. New owner can pickup daily produce and SAVE almost $50,000.00 in delivery charges. Suppliers are established premium produce vendors with great prices.
Focus of the new owner must be on customer service as the area has a diverse local ethnic population mix, who are regular customers.
A FANTASTIC business opportunity to earn a high income in a great neighborhood.
Offered at an excellent price.
Perfect for husband & wife operators.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
F: 201-568-5401
T: 201-568-5401

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Employees:
7
Facilities:
2500 SF store in busy shopping center. Produce market with full refrigeration and fixtures. 10 year lease at $7,300/month with 3% increases. Rent includes CAM, water and real estate taxes. Parking 100+.
Competition:
Prime location in high traffic shopping center that services the surrounding dense residential areas with families surrounding the shopping center. Easy access from the major highway that services the surrounding adjacent towns.. Great reputation for quality produce at excellent prices. Strong local customer base.
Growth & Expansion:
Basic produce selection with flowers and limited gourmet grocery items. New owner can add a fruit & vegetable juice bar, more fresh cut fruit selection and promote gift fruit baskets. Owner/operator should focus on improving customer service.
Financing:
Limited Seller Financing To Qualified Buyer.(20%)
Support & Training:
Owner will transition.
Reason for Selling:
Retiring

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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